The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Thursday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

DXYN opened at $0.64 on Thursday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54. The company has a market cap of $9.88 million, a PE ratio of -3.21 and a beta of 2.61. The stock has a 50-day moving average of $0.75 and a 200-day moving average of $0.74. The Dixie Group has a 52-week low of $0.45 and a 52-week high of $1.05.

The Dixie Group (NASDAQ:DXYN) last announced its earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%. The company had revenue of $64.88 million for the quarter.

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the period. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.00% of the company’s stock.

About The Dixie Group

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.